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The Economics Of Paying For Value

Shared by Radhika Narayanan | 12 87 0 | about 2 years ago

The Economics Of Paying For Value

The notion that the American health care system should transition from paying for volume to paying for value has become nearly ubiquitous. There is a broad consensus that health care providers should be paid more if they deliver higher value care (i.e. care that results in substantial health gains per dollar spent).

These beliefs have led to a proliferation of value-based payment programs in both public and private sectors. For example, at the beginning of 2015, Sylvia Burwell announced the federal government’s commitment to tie 90 percent of fee-for-service Medicare payments to quality or value measures by 2018. In January of 2015, a newly formed alliance of health care providers, insurers, and employers called the Health Care Transformation Task Force committed to shifting 75 percent of their business to contracts that provide incentives for quality and efficiency by 2020.

Read More On healthaffairs.org

Categories Payment Models & Reimbursement

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http://healthaffairs.org/blog/2016/03/15/the-economics-of-paying-for-value/
http://bit.ly/1WpUl1P

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